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  • ‘Deadpool’ boosts Fox earnings

    ‘Deadpool’ boosts Fox earnings

    group 21st Century Fox, most of which is being sold to Walt Disney Co., on Wednesday topped earnings expectations with help from the latest film devoted to anti-hero Deadpool.

    The company reported a profit of US$4.48 billion (RM18 billion) in the fiscal year that ended June 30, compared with net income of US$3 billion (RM12 billion) the previous year.

    It credited tax reform in the United States with giving it an accounting gain of US$1.5 billion (RM6 billion) at the end of 2017.

    The company’s film studio, 20th Century Fox, boasted of winning Academy Awards for six movies – including a best picture Oscar for The Shape of Water – and said it ended the year with “the strong theatrical success” of Deadpool 2.

    The sequel, starring an unkillable, potty-mouthed super hero from Marvel Comics, grossed more than US$730 million (RM3 billion) at theater box offices worldwide, according to the earnings report.

    Revenue for the recently-ended fiscal year increased seven-percent to $30.4 billion (RM124 billion), the company said.

    Adjusted earnings for the company were in line with analyst expectations. Fox shares were down a fraction of a percent to US$45.42 (RM185) in after-market trades.

    The company said its profit in the final fiscal quarter was US$925 million (RM3.8 billion) on revenue that was up 18% from the same period a year earlier.

    “As we move closer to combining our businesses with Disney and establishing new Fox, we are convinced that the paths we are creating for our iconic businesses will drive enduring and growing value for our shareholders,” executive chairmen Rupert and Lachlan Murdoch said in the earnings release.

    A media-entertainment megadeal enabling Disney to take over a large part of the Murdoch family’s 21st Century Fox empire moved a step closer to fruition last month when shareholders of both firms approved the tie-up.

    The US$71.3 billion (RM291 billion) deal – which must still get past regulators – will give Disney prized assets being sold by Rupert Murdoch’s group, including the Fox studios in Hollywood and important film and television production operations.

    US cable and entertainment group Comcast has been in a bidding war with Fox for British-based pay TV group Sky, of which Fox already owns 39%.

    The big media-entertainment firms are pursuing deals as they seek to slow the rise of streaming media platforms like Netflix and Amazon, and prepare for the entry into the sector of Silicon Valley giants like Google and Facebook.

  • FOX Networks Group Asia Acquires Hottest Feature Films At Cannes

    FOX Networks Group Asia Acquires Hottest Feature Films At Cannes

    FOX Networks Group Asia (FNGA), Asia’s leading pay-TV network, shone brightly amongst the stars at the 71st annual Cannes Film Festival earlier this month, walking away with pan-Asian broadcast and streaming rights to some of the festival’s hottest feature films.

    Held from 8 to 19 May 2018 on the picturesque French Riviera, the Cannes Film Festival is one of the year’s most important events for acquiring best-in-class content, as distributors and studios from around the globe compete for rights to the festival’s most promising films. This year, in order to continue serving Asian viewers with the most compelling stories and cinematic content, FNGA secured the rights to broadcast and stream buzz-worthy movies, such as The Kingkiller Chronicle, 355, Ironbark, and Scary Stories to Tell in the Dark.

    These films will be available on FOX Movies Asia and FNGA’s video-streaming service FOX+. FOX+ provides Asia with an unrivalled combination of hit TV series, blockbuster films from the East and West, live sports and thrilling documentaries; all in one place, accessible from any device, at any time and in high definition.

    Acquiring the most talked-about movies is nothing new for FOX Movies Asia, the number one Hollywood movie channel in South East Asia since January 2016.

    In recent years, FOX Network Group Asia has earned a reputation for snagging the best of the best at Cannes. Bringing viewers in Asia a stunning range of stories from top Hollywood names and creative independent producers, previous Cannes acquisitions such as Arctic, The Spy Who Dumped Me, and Robin Hood.

    Keertan Adyanthaya, Executive Vice President, Content & Marketing, APAC for FOX Networks Group said, “As the number one entertainment provider in Asia Pacific, FNGA’s top mission is to deliver the best content and ignite imaginations. We’re constantly searching for new opportunities to bring viewers in Asia the funniest, most thrilling, most dramatic and most emotional stories. By acquiring blockbuster epics, laugh-out-loud comedies and thoughtful independent products at Cannes this year, FOX Movies Asia is maintaining the title of top movie channel in the region and making good on its promise to continually bring viewers in Asia the very best range of premium entertainment. Combined with our video-streaming service FOX+, we are equipped to give viewers’ access to the best and latest content first, whenever and wherever they want it.”

     

  • Telstra to connect 29 stadiums for Fox Sports

    Telstra to connect 29 stadiums for Fox Sports

    Australia’s Telstra has secured a contract to connect 29 sporting stadiums across the country using its nationwide Distributed Production Network end-to-end IP network for cable TV broadcaster Fox Sports.

    Under the long-term contract, Telstra will use the network to connect the stadiums to new Remote Production Hubs in Sydney and Melbourne.

    The deployment is expected to be completed ahead of next year’s National Rugby League and Australian Football League seasons.

    Telstra’s DPN has been custom-built for the media industry to allow customers to remotely produce live broadcasts combining multiple raw camera feeds and audio signals from centralized production hubs.

    According to Telstra Broadcast Services head Trevor Boal, the DPN network will deliver a standard capacity of 100Gbps for each stadium using diverse network paths, and will support the broadcasting of more than 520 live tier sporting events per year.

    “Telstra’s DPN is designed to help our broadcast customers meet the rapidly growing demand for live content by offering access to our high capacity, low latency, multi-tenant network of scale,” he said.

    “In a world first, multiple channels of uncompressed linear contribution video at the lowest possible latency will be traversing our network from sporting venues up to 3500 kilometers away from the Remote Production Hubs.”

    Telstra has already previously integrated its live, point of view miniature wearable camera technology Globecam into Fox Sports’ broadcasts.

  • Ericsson, 20th Century Fox ink feature film deal

    Ericsson, 20th Century Fox ink feature film deal

    Ericsson has entered int o an exclusive, multi-year feature film deal with leading international content distributor 20th Century Fox Television Distribution for its subscription video on demand (VOD) service, Nuvu.

    The output deal includes 20th Century Fox-produced titles along with an extensive selection of global film franchises for territories across sub-Saharan Africa in multiple language.

    Titles include The Maze Runner, The Devil Wears Prada, Rio 2, Dawn of the Planet of the Apes, The Fault in Our Stars, The Monuments Men, and Kingsman: The Secret Service, as well as film franchises such as Die Hard and X-Men.

    “Through this partnership, Nuvu subscribers will have access to some of Hollywood’s hottest films as part of their package, localized on a market-by-market basis,” said Thorsten Sauer, head of broadcast and media services at Ericsson.

    The built-in ability to distribute content to consumers during off-peak periods is a core feature of the service. This minimizes data costs for both operator and consumer, addressing the key cost challenge that has so far been an obstacle for VOD uptake in Africa.

    Further, Ericsson has signed an exclusive media delivery services contract with Australian public service broadcaster, Special Broadcasting Service (SBS).

    The contract sees Ericsson aggregate, prepare and deliver content from multiple international content owners and distributors through its broadcast and media services hub in London and deliver media assets directly into SBS’s headquarters in Sydney in a format ready for transmission.

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